
This won't work with the CST plugin. In your setup it's trying to transform from Gen 1 and Gen 3, but you're actually giving it Gen 4.
You'll need to set the timeline to BMDFilm Broadcast Film in both cases to work with the CST plugin when decoding as Gen 4 as its the only setting currently in Resolve that would be Gen 4 colour science. Then the CST plugin should behave as you expect.
So with timeline set to BMDFilm Broadcast Film it looks ok now. Kind of interesting thing to learn.
P.S. Pocket 4K Film timeline also works with Color Science v4 and produce even better result with BMMCC footage.

